I want to try this article without putting the Midnight image to see if there will be any points added.
Recently @MidnightNetwork it has indeed been brought up again, but what I value is not that superficial 'it surged, so let's rush,' but rather that it has finally started to discuss when it can get to work.
To put it bluntly, the current phase is to start with the name of Cardano and spread out liquidity. Data doesn't lie; there are people messing around on the testnet, and new addresses are entering, which is more convincing than writing ten thousand pages of PPT.
Regarding everyone's biggest concern about selling pressure, the logic is actually very clear:
Broad net: Participating in multiple addresses means that the initial chips are scattered and easily swayed by emotions.
Cut fine: 450 days released in four phases, the officials are also worried about breaking the pool all at once.
My attitude can be summed up in one sentence: Don't talk about sentiment, focus on compliance, application, and the depth of stress resistance. As long as these three hold firm, it is a true story; if they don't hold, all the excitement is just background noise.
The current situation can be broken down into three dimensions of game theory:
Potential: Starting with the security of the big chain, the data of the test network is rising, indicating that the foundation is heated.
Game theory: The chips are distributed loosely but collected tightly (450 days linear release). This means looking at emotions in the short term and the capacity to absorb in the long term.
Determination: The so-called privacy and compliance, if they cannot turn into applications running on the chain, will forever remain a castle in the air.
I don't care what it is blowing now, I only focus on three things: Can the application bring people in? Can compliance be implemented? Is the pool deep enough during the release period? As long as these three points have not yielded results, other fluctuations are just noise.
“If you only believe when it rises, that's called game theory; if you only enter when the test network data rises and chips are unlocked in batches, that's called investment research. Midnight's programmable privacy is valuable, not by how advanced it sounds, but by how many real users it leaves on the chain after 450 days.”